Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Consolidated Net IncomeCost of RevenueDepreciation & Amortization - TotalEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Equity IncomeFinancial Services FeesGross ProfitIncome from Continuing OperationsIncome from Non-Controlling InterestsIncome towards Parent CompanyInterest & Investment IncomeInterest ExpensesInterest ExpensesInterest Income - NetInterest Income - TotalInterest Income - TotalInterest income - LoansInvestment Banking IncomeInvestment Gain (Loss)Net Income towards Common StockholdersNon Operating IncomeNon-Interest IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Non-Interest IncomeOther Operating ExpensesProfit After TaxProvisionsRevenueShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax RateWages, Salaries and Other
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Accumulated Depreciation & AmortizationAccumulated Depreciation & AmortizationCost of RevenueDepreciation & Amortization (IS)Depreciation ExpenseGross ProfitLeasesLong-Term Debt IssuancesLong-Term Debt RepaymentsMachine, Furnitures, Fixtures & OtherOther Gross PP&E AdjustmentsOther Gross PP&E AdjustmentsProperty, Plant & Equipment (Gross)Property, Plant & Equipment (Gross)Receivables - AccuredReceivables - NetRevenue (Gross)Shares IssuedShares OutstandingShares OutstandingShares RepurchasedWages, Salaries and Other
Ratios

Nelnet (NNI) Cost of Revenue (2017 - 2026)

Nelnet has reported Cost of Revenue over the past 9 years, most recently at $53.0 million for Q4 2025.

  • Quarterly Cost of Revenue fell 22.82% to $53.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $226.3 million through Dec 2025, down 10.33% year-over-year, with the annual reading at $226.3 million for FY2025, 10.33% down from the prior year.
  • Cost of Revenue was $53.0 million for Q4 2025 at Nelnet, down from $60.0 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $72.3 million in Q3 2024 and troughed at $21.7 million in Q2 2021.
  • The 5-year median for Cost of Revenue is $52.3 million (2023), against an average of $48.8 million.
  • Year-over-year, Cost of Revenue skyrocketed 413.13% in 2021 and then decreased 22.82% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $28.6 million in 2021, then surged by 86.5% to $53.3 million in 2022, then grew by 17.66% to $62.8 million in 2023, then increased by 9.5% to $68.7 million in 2024, then dropped by 22.82% to $53.0 million in 2025.
  • Per Business Quant, the three most recent readings for NNI's Cost of Revenue are $53.0 million (Q4 2025), $60.0 million (Q3 2025), and $55.7 million (Q2 2025).